The announcement signals the resolution of a rights-holders lawsuit between Hasbro and Wizards of the Coast LLC and Sweetpea Entertainment, each of which will be involved in the project. What it does not signal: any sort of guarantee that a Dungeons & Dragons movie will actually get made.
Warner Bros. has had enormous success with the fantasy genre, through franchises like Harry Potter and Lord of the Rings — but those were literary adaptations with rabid, built in followings and established characters. Dungeons & Dragons, first published in 1974, went on to become the world's most popular role-playing game — but the cultural relevance of real-world RPGs went into staggering decline with the rise of video- and massively multiplayer online games.
"We are so excited about bringing the world of Dungeons & Dragons to life on the big screen. This is far and away the most well-known brand in fantasy, which is the genre that drives the most passionate film followings. D&D has endless creative possibilities, giving our filmmakers immense opportunities to delight and thrill both fans and moviegoers new to the property."